I am in a high income tax group here in Germany. I am happy to pay almost half of my income in taxes and social security/health insurance, if I see that it gets well invested. We are a society and the stronger should always carry the weaker (both financially and also in other aspects).
BUT: I am really pissed that I have to pay such a high percentage of what I have to work hard for, while those who did nothing but being born into a rich family pay hardly anyything at all. High income taxes should only be a thing when wealth taxes are also high, otherwise it only kills the will to work hard.
I definitely lean more towards a capital gains tax over an income tax. People should be rewarded for what they did this week rather than what their grandfather did forty years ago.
However, I am biased since effectively every cent I have comes from income. So maybe take what I say with a grain of salt.
I am in a high income tax group here in Germany. I am happy to pay almost half of my income in taxes and social security/health insurance, if I see that it gets well invested. We are a society and the stronger should always carry the weaker (both financially and also in other aspects).
BUT: I am really pissed that I have to pay such a high percentage of what I have to work hard for, while those who did nothing but being born into a rich family pay hardly anyything at all. High income taxes should only be a thing when wealth taxes are also high, otherwise it only kills the will to work hard.
I definitely lean more towards a capital gains tax over an income tax. People should be rewarded for what they did this week rather than what their grandfather did forty years ago.
However, I am biased since effectively every cent I have comes from income. So maybe take what I say with a grain of salt.